Stock Market Viewpoint

Reading the Tea Leaves...

Thursday, December 31, 2015

Lastly the Ever Reliable Utility Sector XLU

The utility sector has earned its reputation as the slow but reliable wealth grower.

As long as it continues to work its way upward it will also receive a lot of the technology stock cash outs. Be keenly aware that the IYT Transportation Index and this Utility sector Index are both sitting on the lower line of their seven year up channels. If by chance they both fall out their seven year channels at the same time it will have serious implications for the broad market.

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